Word on the street is that Treasury Secretary Scott Bessent isn't thrilled about the Justice Department launching a criminal investigation into Federal Reserve Chairman Jerome Powell. According to multiple sources, Bessent's concern isn't about Powell's innocence or guilt—it's the timing and optics. He sees it as an unwanted distraction right when the Fed's monetary policy decisions carry massive weight for financial markets.

Here's the thing: when you've got the nation's top monetary authority under scrutiny, it muddles the message. Market participants need clarity on interest rate policy, inflation expectations, and capital markets direction. Add a headline-grabbing investigation into the mix, and suddenly nobody's sure what's actually driving Fed decisions versus what's theater.

For those watching crypto, macro-level policy uncertainty at the Fed level has always mattered. Whether it's Bitcoin tracking macroeconomic sentiment or altcoins reacting to interest rate expectations, these government-level power plays don't happen in a vacuum.